Target Insurance Companies definition

Target Insurance Companies means SCDA and Standard Life Bermuda.
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Target Insurance Companies have the meaning set forth in the recitals above.
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Examples of Target Insurance Companies in a sentence

  • The Target Insurance Companies have (i) timely paid all guaranty association assessments that are due, or claimed or asserted by any state guaranty association or by any insurance regulatory authority to be due and (ii) provided for all such assessments in the statutory statements to the extent necessary to be in conformity with SAP.

  • All reinsurance premiums due under the Reinsurance Agreements have been paid in full or were adequately accrued or reserved for by the Target Insurance Companies or the Seller Insurance Companies, as applicable.

  • All premium rates relating to the business of the Target Insurance Companies and each applicable Seller Insurance Company (including with respect to the Insurance Contracts) that are required to be filed with or approved by any insurance regulatory authorities have been so filed or approved and the premiums charged conform thereto, and such premiums comply with all applicable Laws.

  • Except as listed at Section 3.1(21) of the Seller Disclosure Letter, no Consent is required to be obtained by the Target Insurance Companies nor is any notice required to be given by a Target Insurance Company under any Material Reinsurance Agreement in connection with the completion of the transactions contemplated herein.

  • Except as qualified in the Actuarial Analyses, all of the information and data furnished by the Target Insurance Companies to their respective actuaries (independent or otherwise) in connection with the preparation of the Actuarial Analyses were complete and accurate in all material respects.

  • The basis of this combination is set out in note 3.1. The Financial Information has been prepared from the underlying combined financial statements of the Target Insurance Companies prepared under IFRS as endorsed by the European Union, and adjusted to restate the property for own use held by the Target Insurance Companies at cost instead of at revaluation, in order to keep consistency with Fosun’s accounting policy on property for own use.

  • In our opinion, on the basis of preparation set out in Note 1 of Section A of the accountants’ report “General Information and Basis of Preparation”, the Financial Information gives, for the purpose of this report, a true and fair view of the combined state of affairs of the Target Insurance Companies as at 31 December 2011, 2012 and 2013, and of the combined results and combined cash flows of the Target Insurance Companies for the Relevant Periods.

  • Target Insurance Companies pay the pensions in full and are subsequently reimbursed for the share corresponding to FAT’s liability.

  • This Financial Information has been prepared from the underlying combined financial statements of the Target Insurance Companies prepared under IFRS as endorsed by the European Union, adjusted to restate the property for own use held by the Target Insurance Companies at cost instead of at revaluation, in order to keep consistency with Fosun’s accounting policy on property for own use.

  • Section 3.1(21) of the Seller Disclosure Letter contains a list of all reinsurance or coinsurance treaties and agreements to which each of the Target Insurance Companies is a party or under which the Target Insurance Companies have any existing rights, obligations or liabilities and that were listed as material reinsurance agreements in the most recent Actuarial Analyses (the “Material Reinsurance Agreements”).

Related to Target Insurance Companies

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Sponsored captive insurance company means a captive insurance company:

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Insurance group means the persons that comprise an insurance holding company system.

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • Companies means Borrower and its Subsidiaries; and “Company” shall mean any one of them.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Borrower or any of its Restricted Subsidiaries, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of coinsurance in an amount up to $150,000,000) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth herein.

  • Title Insurance Company as defined in Section 6.1(o).

  • Blanket insurance policy means a group policy covering a defined class of

  • Pure captive insurance company means a company that

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Industrial insured captive insurance company means a company that insures risks of the industrial insureds that comprise the industrial insured group and their affiliated companies.

  • Company Insurance Policies has the meaning set forth in Section 3.14.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Insurance premium finance company means a person engaged in the business of

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Insurance Commissioner means the Insurance Commissioner

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Insurance Consultant or "consultant" means a person who:

  • Credit unemployment insurance means insurance:

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.